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2013 Truro Real Estate Market Review

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Single Family Homes: 52 Sales with an average sale price of $620,000 (compared to 54 sales in 2012/average sale price of $698,000)

-        Condominiums: 22 Sales with an average sales price of $254,193 (compared with 29 sales in 2012/average sale price of $231,000)

 Land: 11 lots with an average sale price of $474,000 (compared with 13 sales in 2012/average sale price of $215,000)

The analysis from 3Harbors: The Truro real estate market continues to improve, with prices only adjusting slightly for condos and single family homes over the past two years.  The big uptick in land sale averages is attributed to a number of higher end sales which were absent in prior years.  Note that there were only 33 home sales in Truro in 2011. 

What's the Outlook for 2014? The inventory of homes for sale in Truro is tight, with only 52 homes on the market.  This, coupled with a robust and, some would say, fervent, Provincetown real estate market points to the potential for price increases in the months to come.

 

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